Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h +0.136%

Price spread now: Paragon against Variational Omni+0.063%7-day average −0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.171%−$17 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.063%, 7d avg −0.008%

Together, before fees−0.323%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Paragon is 0.071% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 3 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	188.03	0	get 0.0000% / 8h	1h 19m	$201K	$34K	—
Short	Paragon para:CRDO	188.15	0.0464	get 0.0058% / 1h	19m 17s	$935K	$252K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ParagonbpOrdersPrice spread, now +0.063%Rate

Funding earned: $97.47
Price spread: +0.063% → −0.008%: $7.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paragon: 5 bp × 2 orders: −$10
Net: $94.61
Costs to cover: 0.100%
Break-even: 0.2 days

Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Paragon: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 65 min ago	5.72 bp	doesn't fit	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell Paragon live order book, 56 min ago	5.62 bp	15.6 bp −$16	29.8 bp −$298	doesn't fit	doesn't fit

CRDO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	−0.0001%	1h	188.06	+0.015%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.04	+0.005%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.08	+0.025%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.09	+0.031%	$729K	$841K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.16	+0.068%	$885K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.13	+0.052%	$653K	$139K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.10	+0.036%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	188.03	long leg	$201K	$34K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	188.02	−0.006%	$801	$148K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.04	+0.005%	$1K	$635K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.08	+0.026%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.00	−0.017%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.20	+0.090%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.02	−0.006%	$192K	$941K	20x	as long as short
Paragon para:CRDOshort	+0.0464%	1h	188.15	+0.063%	$935K	$252K	10x